Merkel Bets Austerity Will Result in Re-Election

Merkel Bets Austerity Will Result in Re-Election

German voters value austerity. That, at least, is what Chancellor Angela Merkel is betting on as she embarks on a new package of savings measures aimed at balancing the budget in two years. She wants to show the rest of Europe how it's done -- and get re-elected in the process.

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